“Engaging with the suppliers who provide adherence to product specification is one of the procurement best practices for buyers looking to reduce their spend,” says SpendEdge procurement analyst Anil Seth. “Also, suppliers who have the ability to provide after-sales support including responsiveness in resolving the client issues are the preferred suppliers among the buyers,” added Anil.

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Procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for cement.

Rapid industrialization in developing economies
The rise in global population and shift in social structure toward nuclear families
Rise in government spending on upgrading infrastructure

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